Bank of Japan Monetary Policy Changes: Impact on Bank Stocks and Market Expectations

Bank of Japan Monetary Policy Changes: Impact on Bank Stocks and Market Expectations

History tells us that the first phase of monetary tightening by the Bank of Japan marks the end of the rise in bank stocks. The Wall Street adage “buy on rumors, sell on facts” seems to apply. Since the Bank of Japan slightly revised its yield curve control (YCC) policy contrary to market expectations in … Read more

Bank of Japan Considers Suspending ETF Purchases and Normalizing Policy: Latest Updates

Bank of Japan Considers Suspending ETF Purchases and Normalizing Policy: Latest Updates

The Bank of Japan will consider completely suspending new purchases of exchange-traded funds (ETFs), which it has continued to do since 2010, when it reaches its 2% inflation target and begins to normalize policy. This was revealed through interviews with multiple parties involved. According to people familiar with the matter, with the stock market hovering … Read more

Top Tips for Financing a Motorcycle Purchase in Colombia: Essential Documents and Credit Options

Top Tips for Financing a Motorcycle Purchase in Colombia: Essential Documents and Credit Options

Over the last few years, people have made the decision to purchase a motorcycle. On the one hand, this is due to the fact that people refuse to put up with the traffic jams in the main cities, such as Bogotá, and on the other hand, thanks to the wide variety of financial possibilities regarding … Read more

Average Credit Score in the U.S. Falls for the First Time Since 2013, According to FICO

Average Credit Score in the U.S. Falls for the First Time Since 2013, According to FICO

The Average Credit Score in the US Declines for the First Time Since 2013 The average credit score in the US has fallen for the first time since 2013, according to FICO, the data analytics firm used in 90% of lending decisions. In October 2023, the average FICO score decreased to 717, a one-point decline … Read more

New York Governor Deploying National Guard Troops to Subway Stations Amid Rising Violence

New York Governor Deploying National Guard Troops to Subway Stations Amid Rising Violence

In order to improve public safety on the New York City subway system, Governor Hoechl of New York State announced a plan to mobilize 750 National Guard troops to stations and other areas. The governor is also seeking to amend the law to allow courts to bar people convicted of subway or other violence from … Read more

Are US Stocks Forming a Bubble? Dueling Perspectives from JPMorgan and Goldman Sachs

Are US Stocks Forming a Bubble? Dueling Perspectives from JPMorgan and Goldman Sachs

Are US stocks forming a bubble? The answer depends on who you ask. For Marko Kolanovic, chief market strategist at JPMorgan Chase & Co., the dramatic rise in U.S. stocks and Bitcoin’s rise above $60,000 are signals that the answer is yes. Kolanovic said the rise suggests a buildup of floss in the market, a … Read more

Federal Reserve Chairman Jerome Powell Faces Pressure from Democrats and Republicans at Congressional Hearings

Federal Reserve Chairman Jerome Powell Faces Pressure from Democrats and Republicans at Congressional Hearings

Federal Reserve Chairman Jerome Powell is under increasing pressure this week from both Democrats, who hope to continue the economic boom by cutting interest rates in a year of presidential and congressional elections, and Republicans, who want to withdraw plans to tighten capital requirements for banks. Looks like I’ll have to face it. Chairman Powell … Read more

U.S. Mortgage Rates Rise for Fourth Straight Week to Highest Level in Two Months, Impacting Housing Affordability

U.S. Mortgage Rates Rise for Fourth Straight Week to Highest Level in Two Months, Impacting Housing Affordability

U.S. mortgage rates rose for the fourth straight week to their highest level in two months, dealing a major blow to housing affordability. The 30-year fixed-rate mortgage increased and averaged 6.94% as of Feb. 29, according to data released by Freddie Mac FMCC,+0,92%THURSDAY. This is an increase of 4 basis points from the previous week … Read more

US Real GDP Growth Revised Slightly Downward for Fourth Quarter 2023, Personal Consumption and Capital Investment Upward Revision

US Real GDP Growth Revised Slightly Downward for Fourth Quarter 2023, Personal Consumption and Capital Investment Upward Revision

The revised U.S. real gross domestic product (GDP) for October-December 2023 (fourth quarter) has been revised slightly downward from the preliminary figure. This reflects the downward revision of inventory. On the other hand, personal consumption and capital investment were revised upward. Key Point The revised U.S. real gross domestic product (GDP) increased by 3.2% annually … Read more

“Short Cover Risk in Bonds” – Unwinding of Net Short Positions in U.S. Treasury Futures Sparks Upside Risk Concerns

“Short Cover Risk in Bonds” – Unwinding of Net Short Positions in U.S. Treasury Futures Sparks Upside Risk Concerns

Commodity Investment Advisors (CTAs) have recently been positioned as “maximum short” from a tactical standpoint, but futures data suggests an unwinding may be underway. This leaves U.S. Treasuries exposed to short-term upside risk from short covering. Hedge funds, CTAs and other leveraged funds are unwinding net short positions across Treasury futures at an aggressive pace, … Read more